Money Handling Blog – Tagged "history of US currency" – Carnation Bill Money Counting Machines

Money Handling Blog — history of US currency

A Brief History of Gold-Backed and Gold-Lacked US Currencies

history of US currency

A Brief History of Gold-Backed and Gold-Lacked US Currencies

We work hard for our money. We sacrifice our valuable time and effort. The strange thing is that money today grows on trees – in reality it is worth only the paper on which it is printed. Modern money is given value only by the concerted belief and faith of the people. If people stopped believing in the value of the dollar and refused to accept it as payment, even for a moment, the entire financial edifice would collapse. Banks, insurance companies, stock brokers, real estate companies - all would come crashing down. Exactly this happened in the 1780’s. The...

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